At an internal meeting this morning, BioWare co-founders Greg Zeschuk and Ray Muzyka announced the duo are leaving the company, I’m told by multiple sources close to the situation.

It’s unclear why Zeschuk and Muzyka are leaving.

BioWare and Electronic Arts shipped Star Wars: The Old Republic last December to a mixed critical reception, and the game has struggled to hold onto users since. Dragon Age 3: Inquisition was formally announced yesterday, running on DICE’s Frostbite 2 engine, and is scheduled for a release in late 2013.

Newell says it's likely Valve's employees would scatter and the company would "disintegrate" before it would be sold.

"It's way more likely we would head in that direction than say, 'Let's find some giant company that wants to cash us out and wait two or three years to have our employment agreements terminate,'" Newell says.